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This paper provides a conceptual framework of multilateral bargaining in a bilaterally oligopolistic industry to … analyze the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyze the … implication of market structure for the distribution of industry profits. We find that retailer mergers are more likely (less …
Persistent link: https://www.econbiz.de/10010278136
This paper provides a conceptual framework of multilateral bargaining in a bilaterally oligopolistic industry to … analyze the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyze the … implication of market structure for the distribution of industry profits. We find that retailer mergers are more likely (less …
Persistent link: https://www.econbiz.de/10005772888
interdependent Rubinstein-Ståhl negotiations. The outcome has a simple characterization (a Nash equilibrium in Nash bargaining …
Persistent link: https://www.econbiz.de/10005419526
bargaining. The model is suggested by Björnerstedt and Stennek (2006) as a work horse for studying bilateral oligopoly. The key …
Persistent link: https://www.econbiz.de/10010320169
all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced … more bargaining power when selecting suppliers than when negotiating over quantities and intermediate prices. The buyer …
Persistent link: https://www.econbiz.de/10012582034
In many intermediate goods markets buyers and sellers both have market power. Contracts are usually long-term and negotiated bilaterally, codifying many elements in addition to price. We model such bilateral oligopolies as a set of simultaneous Rubinstein-Ståhl bargainings between pairs of...
Persistent link: https://www.econbiz.de/10005789066
bargaining. The model is suggested by Björnerstedt and Stennek (2006) as a work horse for studying bilateral oligopoly. The key …
Persistent link: https://www.econbiz.de/10005771098
interdependent Rubinstein-Ståhl negotiations. The outcome has a simple characterization (a Nash equilibrium in Nash bargaining …
Persistent link: https://www.econbiz.de/10010334737
all the bargaining power at the production stage, while it vanishes when the buyer and suppliers' weights are balanced … more bargaining power when selecting suppliers than when negotiating over quantities and intermediate prices. The buyer …
Persistent link: https://www.econbiz.de/10012494786
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013266605